7335 Kellogg Dr Wichita, KS 67207-1628

Property Details for 7335 Kellogg Dr

Year built

1973

Construction

FRAME

Lot size

1.15 lot acres

Property size

60,683 SF

Property type

Hotels

APN

087-119-30-0-12-01-001.00-A

APU

087119300120100100A

Description

This fee-simple, seven-story Red Roof Inn PLUS+ hotel in Wichita, Kansas boasts 97 keys and is strategically located on Kellogg Avenue (US 54/US 400), a high-traffic corridor with approximately 12,000 vehicles passing daily. Built in 1973 and situated on 1.15 acres, the property features an indoor pool, sauna, hot tub, fitness center, and 4,125 square feet of renovated meeting/event space. Recent (2023) capital expenditures exceeding $40,000 included LED lighting upgrades, pool area renovations (new tiling, equipment), and enhanced pool heating. The hotel benefits from its proximity to major employers like Koch Industries, Cargill, Spirit AeroSystems, and Textron Aviation, collectively employing over 9,000 people. Financial performance in 2023 showed nearly $1.4 million in revenue and $450,000 in net operating income (NOI), representing a 32.8% NOI margin. The asking price is $3,650,000 ($37,629 per key), resulting in a compelling 11.66% cap rate (pro-forma 13.44%). This presents a strong investment opportunity with significant potential for future growth and profitability. The property's efficient operations and prime location near popular attractions like Exploration Place and the Sedgwick County Zoo further enhance its appeal and revenue generation capabilities. The hotel's strong financial performance, coupled with its strategic location and recent improvements, makes it an attractive investment opportunity.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Longitude

-97.2504

Latitude

37.6785

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments